Daily Earnings: Aerospace kills the engine loss-leader | RTX, INTC, NEM | Jul 23

The era of subsidizing heavy manufacturing is officially ending, as strained physical supply chains force legacy hardware companies to aggressively overhaul their pricing models and factory footprints.• RTX explicitly rejected taking heavy upfront cash losses to supply engines for future commercial aircraft.• Maxed-out American factory floors are forcing US defense contractors to push critical production to NATO allies.• Intel delayed vital AI server shipments to Q4 strictly due to severe physical component packaging bottlenecks.Staggering mark-to-market accounting hits and record commodity price parachutes at companies like Newmont are effectively camouflaging this underlying manufacturing friction.